HUMAN RESOURCE PLANNING

DEFINITION
“Human Resource Planning is a process by
which an organization should move from its
current manpower position to its desired
manpower position. Though planning
management strives to have the right number
and right kind of people at the right place at
the right time, doing things which result in both
the organization and the individual receiving
maximum long-run benefit.” - E.W.Vetter
 OBJECTIVES
Forecast personnel requirements
Cope with changes
Use existing manpower productively
Promote employees in a systematic
manner
 IMPORTANCE
Reservoir of Talent
Prepare people for future
Expand or contract
Cut costs
Succession planning
FORECASTING HUMAN RESOURCE
REQUIREMENTS
Analyzing the Corporate and Unit level
Strategies
Demand Forecasting of the overall Human
Resource Requirements
Supply Forecasting
Estimating the Net Human Resources
Requirements
Action plan for Redeployment,
Redundancy/Retrenchment
Forecast future supply from all the sources
Action plan for Outsourcing, Recruitment etc
Retention Plan
Modify the Organizational Plan Strategy
Analyzing the Corporate and
Unit level Strategies

Strategies include:
Expansion
Diversification
Mergers
Acquisitions
Reduction in operations
Low cost
Differentiation
Demand Forecasting